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Credit

• Executive Changes At First Data As Processor Posts Q4 And 2009 Losses

  PaymentsSource | March 11

  Michael Capellas, chairman and CEO of First Data Corp., is leaving the Atlanta-based payment processor to work as a senior advisor at Kohlberg Kravis Roberts & Co., the investment group that bought the transaction processor in 2007.

• Visa Execs: Mobile Payments And Global Markets To Drive Future Growth

  PaymentsSource | March 11

  Visa Inc. is looking outside the U.S. for growth and hopes to derive more than half of its revenues from international markets within the next five years, executives from the card company today told investors gathered in San Francisco for its annual Investor Day presentation. [FREE]

• Tio Networks Launches Mobile Bill-Payment Service

  PaymentsSource | March 11

  Tio Networks, which today announced the planned launch of a mobile bill-payment platform, estimates it will generate 20% of its revenue from the service by 2011, according to the Burnaby, British Columbia-based expedited bill-payment processor. [FREE]

• Target Offering Coupons Via Phone

  American Banker | March 11

  Target Corp. has begun delivering coupons to customers' mobile phones. [FREE]

• UK Card-Not-Present Fraud Fell 15% In 2009

  PaymentsSource | March 11

  Card-not-present fraud in the United Kingdom declined by an estimated 15% last year, to 278 million British pounds (US$416 million or 304 million euros) from 328 pounds (US$490 million or 359 million euros) the previous year, reports Retail Decisions PLC.

• China Mobile Buys 20% Bank Stake To Develop Mobile-Payment System

  PaymentsSource | March 11

  China Mobile plans to purchase a 20% stake in Shanghai Pudong Development Bank for 39.8 billion yuan (US$5.7 billion or 4.2 billion euros) as part of its plans to develop a mobile-payment system in the country, China Mobile announced on March 10. [FREE]